Cushman & Wakefield: Cologne office take-up drops 35% in H1 2026 - CWK News | RalliesCushman & Wakefield: Cologne office take-up drops 35% in H1 2026
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CWK• Cologne office leasing slows sharply in H1 2026
- Cushman & Wakefield flagged a sharp slowdown in Cologne office leasing in H1 2026, with take-up at 72,600 sq m, down 35% y/y.
- Q2 take-up fell to 28,300 sq m, down 36% y/y; no leases above 5,000 sq m were recorded during the quarter.
- Prime rent held at EUR 33 per sq m per month, down 2.9% y/y; average rent was EUR 20.6, up 1% y/y.
- Vacancy rose to 5.7% from the prior quarter; empty space totaled 489,850 sq m.
- Outlook points to continued caution in H2, with longer decision cycles; recovery hinges on larger occupier requirements converting into deals.
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